Equals Group PLC Reports Strong FY-2024 Results and Announces Acquisition

An announcement from Equals Group Plc ( (GB:EQLS) ) is now available.

Equals Group PLC announced its final results for the year ended December 31, 2024, highlighting a 38% increase in revenue to £131.7 million and a 47% rise in transaction flow to £18.2 billion. Despite a slight decrease in profit after taxation, the company demonstrated strong growth in adjusted EBITDA and maintained a robust balance sheet. The announcement also detailed a recommended cash acquisition by Alakazam Holdings Bidco Limited, valuing Equals at approximately £283 million. The acquisition, which includes a special dividend of 5 pence per share, is expected to be completed by mid-April 2025, marking a significant transition for the company as it moves from public to private ownership.

More about Equals Group Plc

Equals Group PLC is a technology-driven international payments company that focuses on providing personalized payment solutions for small and medium-sized enterprises (SMEs). The company offers services such as foreign exchange (FX), card payments, and faster payments, aiming to simplify money movement for corporate customers by providing access to banking-level payment capabilities.

YTD Price Performance: 3.72%

Average Trading Volume: 1,826,700

Technical Sentiment Signal: Strong Sell

Current Market Cap: £265.6M

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